Gwalior to host third RIC on Wednesday, aiming to attract investments | Company News

Gwalior’s geographical location may play a major role in the success of this conclave. Three important corridors of the country pass directly through the Gwalior region. (Photo: X@ANI)

The third edition of the Regional Industry Conclave (RIC), which is being organised to attract investments to Madhya Pradesh, will be held in Gwalior on Wednesday. According to sources, this conclave may be more successful than the previous ones held in Ujjain and Jabalpur as the Gwalior-Chambal region is better connected to other parts of the country.

The event will be attended by Chief Minister Mohan Yadav, Union Civil Aviation Minister Jyotiraditya Scindia and numerous industrialists from across the country. According to officials, trade commissioners from various countries and senior officials from Adani Group and Accenture will also be present. Adani Defence may announce an investment in the defence sector.

Madhya Pradesh Industrial Development Corporation (MPIDC) Managing Director Chandramouli Shukla told Business Standard that during this conclave, Chief Minister Yadav will again make virtual allotments of land for industrial units. According to another official, like in previous events, the focus will be on job creation. An estimated 28,000 to 30,000 new direct and indirect jobs will result from the investments announced at this event.

Gwalior’s geographical location may play a major role in the success of this conclave. Three major corridors of the country pass directly through the Gwalior region: the north-south corridor from Srinagar to Kanyakumari, the Agra-Mumbai Expressway and the east-west corridor from Silchar to Porbandar.

First published: August 27, 2024 | 4:30 pm IS

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